PYMNTS

NOVEMBER 2, 2020

Accelerating demand for durable goods like cars and appliances is kicking up manufacturing at Asian and European factories despite rising cases of COVID-19, according to a Wall Street Journal (WSJ) report on Monday (Nov. economy showed a rebound in durable goods that topped September forecasts, up 1.9 Forecasts were expecting just a 0.5

Consumer 58

Consumer Returns On-Demand NOV 58

PYMNTS

NOVEMBER 4, 2020

LendingClub , the country’s top provider of personal loans, said in earnings results Wednesday (Nov. But from a macroeconomic standpoint, LendingClub said that while borrowers remain resilient, the pandemic continues to have a negative impact on the economy. All in, LendingClub reported a Q3 net loss of $34.3

Volume 111

Volume On-Demand NOV Continuity 111

PYMNTS

JANUARY 15, 2021

The latest installment in PYMNTS' ‘Pandenomics’ study series is Mapping Digital-First Consumers' Return to the Physical World , the "Why Digital-First Behaviors Are Here to Stay" edition. This is more than the 45 percent who said they were on Nov. 19 and the 40 percent who said so on Nov. Surveying nearly 2,300 U.S.

Research 53

Research Returns NOV Consumer 53

PYMNTS

NOVEMBER 16, 2020

Second, it is trying to participate in the digital-first economy, and analysts will be looking for a big jump. The Minneapolis-based retail giant reports Wednesday morning (Nov. At the end of Q2 CEO Brian Cornell told analysts that Target returned to growth in store sales and saw growth in categories like apparel.

NOV 56

NOV Shutdown Addressing Economy 56

PYMNTS

NOVEMBER 17, 2020

In the seemingly glacial crawl marking the return to normalcy across various corners of the business world…. News, of course, came this week that a pair of vaccines may be coming soon, which, depending on availability, may portend a return to normal life, which in turn implies a return to larger-scale gatherings.

Returns 60

Returns NOV Economy Consumer 60

PYMNTS

JANUARY 15, 2021

We believe President-elect Biden’s stimulus proposal, with direct payments to families and individuals, and further aid for small businesses and tools to keep businesses open, will keep the economy growing,” Shay added. The NRF said 2020 retail sales from Nov. 31 were $789.4 billion, surpassing its forecast of sales between $755.3

NOV 52

NOV Non-Bank Consumer Economy 52

PYMNTS

SEPTEMBER 12, 2019

In case you haven’t read this already, here is the latest news: The President of the European Central Bank (ECB) Mario Draghi has, according to CNBC, “urged governments to take fiscal measures to supplement the central bank’s monetary stimulus and reinvigorate the eurozone economy.”. The interest rate was slashed 10 points to negative 0.5

Cross-Border Payments 43

Cross-Border Payments Cross-Border Central Bank Economy 43

PYMNTS

JANUARY 12, 2021

billion for the fourth quarter ending Nov. Donald told WSJ that Carnival wants to resume cruises by the end of the year, although analysts say the prospect of returning to normal this year isn't likely because of its slimmer fleet and the need to operate at reduced capacity. Cruise ship operator Carnival is looking at a loss of $2.22

Shutdown 63

Shutdown NOV On-Demand Returns 63

PYMNTS

NOVEMBER 1, 2019

economy grew at an annualized 1.9 At least on Friday (Nov. economy now than even two or three weeks ago.”. That’s important because employment can be thought of as the engine that drives the economy. The slowdown is there, however, as the job growth is now markedly under the 200,000-plus pace seen just a few years ago.

Economy 40

Economy NOV Returns Risk 40

PYMNTS

NOVEMBER 16, 2020

On that day, Nov. and global economy for most of 2020. consumers on Nov. Interestingly, on Friday (Nov. Using offices, going to events and returning to stores are activities that people will still do — but differently, selectively and only when digital channels can’t deliver the outcomes they seek.

NOV 108

NOV Consumer Risk On-Demand 108

PYMNTS

NOVEMBER 4, 2019

payments platform Ebury for £350 million ($453 million), Ebury announced in a press release on Monday (Nov. The bank expects a return on invested capital higher than 25 percent in 2024. Spanish bank Banco Santander is acquiring just over 50 percent of the U.K. The deal is expected to value Ebury at around £700 million.

FinTech 40

FinTech NOV Global Payments International Payments 40

PYMNTS

DECEMBER 3, 2020

Call it “shipaggeddon” or just call it trouble for the digital-first economy. Members get free two-day shipping, free returns, member-exclusive discounts and seamless checkout. Example: Lateshipment.com’s The “2020 State of Holiday Shipping in the US — COVID-19 Edition” report analyzed shipping data from the 2019 holiday period (Nov.

On-Demand 62

On-Demand NOV Returns Volume 62

PYMNTS

OCTOBER 16, 2019

economy, such as the services sector. In case you haven’t read this already, the President of the European Central Bank (ECB) Mario Draghi last month “urged governments to take fiscal measures to supplement the central bank’s monetary stimulus and reinvigorate the eurozone economy,” according to CNBC. percent, a record low. “In

Federal Reserve 41

Federal Reserve Central Bank Economy NOV 41

PYMNTS

APRIL 20, 2020

Black Friday isn’t until Nov. American Eagle’s Aerie is offering free returns and providing shoppers 40 to 60 percent off underwear. stores shuttered. The Wall Street Journal reported that retailers are not waiting seven months to off-load the spring and summer collections.

Consumer 57

Consumer NOV Returns Product 57

PYMNTS

DECEMBER 3, 2020

What was in previous years a minor inconvenience (late holiday gifts) is now the star of the show as UPS and FedEx take center stage as key players in the highly pressured digital-first economy. Members get free two-day shipping, free returns, member-exclusive discounts and seamless checkout. Hot Topic Inc., Newegg Inc.

On-Demand 64

On-Demand Returns NOV Volume 64

PYMNTS

NOVEMBER 23, 2017

As such, Nov. In last year’s announcement of the country’s switch to cashless, Modi vowed to short circuit the vagaries of a cash-based economy that were — and still are, in some cases — rife with black market activities like counterfeiting. 8 marks a red-letter day in the nation’s history.

Financial Inclusion 54

Financial Inclusion Digital Payments PayPal NOV 54

PYMNTS

NOVEMBER 17, 2020

That was followed up with news out Monday (Nov. Once the vaccine is available and deployed, consumers told PYMNTS that they want to return seeing friends and family, traveling domestically, going to leisure events like concerts and sporting events and dining in restaurants.

On-Demand 72

On-Demand Consumer NOV Product 72

PYMNTS

SEPTEMBER 13, 2016

economy, with the recovery underway, would see the Fed incrementally tick up interest rates throughout 2016, with an overall goal of ~2 percent, coming close to 2008 levels. Unfortunately, for those looking for the long freeze on interest rates to give way to a thaw, the economy did not quite cooperate in 2016. Let’s just raise rates.

Fed 55

Fed Federal Reserve Economy NOV 55

PYMNTS

DECEMBER 28, 2018

Mastercard, in its SpendingPulse report, defines the holiday shopping season as running from Nov. Complicated yes, but as the early holiday returns are showing, rewarding and lucrative as well, even with Amazon playing its outside role. According to Mastercard , overall retail spending increased 5.1 Online shopping grew 19.1

Visa 62

Visa Consumer On-Demand Shutdown 62

PYMNTS

NOVEMBER 7, 2019

According to a Reuters report on Thursday (Nov. The company behind this new effort is Lyft. That applies to back-to-school carpools, and the the fledgling ridesharing service Zum.

Consumer 40

Consumer Enrollments NOV Innovation 40

PYMNTS

NOVEMBER 5, 2018

District Court of the Western District of Arkansas on Thursday (Nov. In so many ways, one can’t help but be struck by … just how good the economy [at] this point is,” Capital One Chief Executive Richard Fairbank said on the company’s earnings call. In a suit filed in the U.S. And in some ways, it almost feels too good to be true.”.

Credit Cards 46

Credit Cards Credit Limit Underwriting On-Demand 46

PYMNTS

NOVEMBER 11, 2020

Federal Reserve Bank of Boston President Eric Rosengren said he doesn't think the next few months will be necessarily easy on the economy in spite of the recent uplifting news regarding a possible COVID-19 vaccine, CNBC reported. 9), wasn't quite a silver bullet.

Fed 97

Fed Federal Reserve Economy Returns 97

PYMNTS

NOVEMBER 9, 2020

It’s one year from today: Nov. Businesses across all facets of the economy are preparing to capture some of that demand — and spend. At the same time, consumers’ needs had changed as the stay-at-home economy ushered in a subtle but important shift in shopping and buying priorities. For retailers, it is a time of reexamination.

Consumer 118

Consumer On-Demand Disputes Product 118

CB Insights

OCTOBER 31, 2017

We needed 40% day-one returns and were closer to 25%. Title: Exclusive: Online rental marketplace WhatsOnRent shuts shop; returns 50% funding. No more orders will be accepted and outstanding orders will be returned promptly to customers. Title: Millions still in the bank, GoZoomo shuts shop, returns VC money.

Posting 78

Posting Product Online and Mobile Banking On-Demand 78

PYMNTS

NOVEMBER 9, 2020

Pfizer announced Monday (Nov. Stimulus would give companies some breathing room until the return to normalcy that may be part of a vaccine rollout. Verticals such as travel could desperately use such a return to normalcy. Pre-market trading on the broader S&P 500 futures were up more than 3 percent.

Returns 64

Returns Consumer Cross-Border Visa 64

PYMNTS

OCTOBER 6, 2020

That is the news out of Washington today (Oct 6) as President Trump has announced that negotiations between Republicans and Democrats will be officially paused until after the election on Nov. A long period of unnecessarily slow progress could continue to exacerbate existing disparities in our economy.

Federal Reserve 49

Federal Reserve Economy Treasury Consumer 49